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With Kerry Packer weighing in to the film business with the purchase of 17.5% of Hoyts, the Village Roadshow share price has also benefited. Clearly, many are assuming that the purchase of Hoyts, with interests in cinema, an FM radio network, film production, theme parks and resorts, will do for the entertainment sector what his interest in Crown did for casinos.

Despite the recently released interim results falling short of expectations when abnormals are stripped out the result doesn't look that bad. The company reported an underlying interim net profit before abnormals of $36.2m (up 16...

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